Rushton L. Ardrey III, of Boston Massachusetts, a stockbroker with Newport Coast Securities, Inc., is currently subject to pending customer disputes. Particularly, on February 9, 2016, Ardrey became subject to a pending customer dispute in which he was alleged to have engaged in unauthorized and unsuitable trading.
According to FINRA Public Disclosure Records, Ardrey has been fired by prior employers, subject to prior regulatory actions and has been sued by a number of his customers. On February 4, 2016, Ardrey became subject to a pending customer dispute, in which the customer alleged that Ardrey engaged in unauthorized and unsuitable trading. On November 13, 2015, Ardrey became subject to a pending customer dispute, where a customer alleged that Ardrey over-concentrated the customer’s investment portfolio, excessively traded the customer’s account, and made unsuitable investment recommendations.
On January 7, 2013, Ardrey settled a customer dispute for $70,000.00 in damages after he was alleged to have recommended that the customer pursue an investment strategy that was unsuitable. The customer also alleged that Ardrey had over-concentrated the customer’s equity positions, and engaged in unsuitable and excessive trading.
Ardrey was suspended by Financial Industry Regulatory Authority (FINRA) on July 20, 2016, after Ardrey allegedly failed to cooperate with a FINRA investigation into his misconduct. Ardrey was previously suspended by FINRA on September 16, 2015, in connection with attempting to settle a customer’s complaint outside the auspices of his firm while associated with Wells Fargo Advisors, LLC.
Guiliano Law Group
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